Industrial Control & Factory Automation market

The global industrial control & factory automation market is expected to be USD  255.88 billion in 2024 to USD 399.12 billion by 2029; it is expected to register a CAGR of 9.3% during the forecast period. Increased adoption of IoT and AI in industrial environments, Growing Focus on Operational Efficiency and Productivity, Growing demand for smart sensors in various industries to gain real-time insights are attributed to the ever-increasing demand for industrial control & factory automation systems. 

ABB (Switzerland), Emerson Electric Co. (US), General Electric (US), Honeywell International Inc. (US), Mitsubishi Electric Corporation (Japan), Rockwell Automation (US), Schneider Electric (France), Siemens (Germany), Stratasys (US), Yokogawa Electric Corporation (Japan), Omron Corporation (Japan) are some of the key players in the industrial control & factory automation market.

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Major Industrial Control & Factory Automation companies include:

• ABB (Switzerland)
• Emerson Electric Co. (US)
• General Electric (US)
• Honeywell International Inc. (US)
• Siemens (Germany)

ABB

The ABB Group was formed in 1988 through the merger of Asea AB, a Swedish company instrumental in Sweden's electrification and rail development, with BBC Brown Boveri AG, a Swiss company engaged in power generation and electrical engineering. In 1999, the consolidated ABB in Switzerland became the parent of the whole ABB Group with one corporate structure while simplifying ownership. There are four major business segments the company uses to carry on its activities: Electrification, Motion, Process Automation, and Robotics & Discrete Automation. ABB provides collaborative production management with its EMI software, Ellipse Select. The company further provides scalable and Modular ISA95-based solutions with MES functionality. In addition, ABB offers several PAM solutions, such as System 800xA Asset Management, Asset Master and AssetVista. Its robotics solutions are used in several industries in applications involving welding, material handling, painting, picking, packing and palletizing. ABB also provides collaborative robots in its business area Robotics & Discrete Automation.

Siemens

Formerly known as Siemens & Halske AG, Siemens is a German electronics & electrical engineering company that operates in the fields of electrification, automation, and digitalization. It operates through the Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services divisions. The Digital Industries division offers a comprehensive portfolio of products and system solutions for automation technologies used in manufacturing industries, such as automation systems and software for factory automation, industrial controls and numerical control systems, motors, drives and inverters, and integrated automation systems for machine tools and production machines, complemented by product and production lifecycle software and software for simulation and testing of mechatronic systems.

Siemens provides automation systems, identification systems, industrial communication systems, industrial controls, industry services, manufacturing execution systems (MES), operator controls and monitoring systems, PC-based automation solutions, power supplies, process analytics, and process control systems for industrial control and factory automation. Emerson, General Electric, Honeywell, and Schneider Electric are the company’s major competitors in the process automation domain. The company has a wide geographic presence, mainly across the Americas, Europe, Asia, Australia, C.I.S., Africa, and the Middle East. It is listed on the Frankfurt Stock Exchange as FWB: SIE.

Emerson Electric Co.

Emerson Electric Co is one of the global leaders in engineering and technology; it now offers state-of-the-art solutions across many industries. Since its founding back in 1890, Emerson has been specialized in high-quality products and advanced technologies, using them to maintain constant progress in industrial transformation and productivity. The company is known for automation, including those consisting of industrial control systems, measurement instrumentation, and software analytics, which enable businesses to optimize their operations.

The company opeartyes through 6 business segments: Final Control, Measurement & Analytical, Discrete Automation, Safety & Productivity, Control System & Software and Aspentech. The company operates in more than 150 countries with extensive presence in major geographic areas like North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. This vast worldwide presence is supported by a focused workforce of approximately 67,000 people who work hard to develop unique and creative solutions for customers worldwide. Its diverse portfolio of products and services for industries such as oil and gas, chemical, life sciences, food and beverage, and discrete manufacturing positions Emerson as an indispensable partner in driving industrial innovation and sustainability.

General Electric

General Electric is one of the largest multinational conglomerates in the world. It operates as infrastructure and a financial services firm. The company offers its solution in various solutions of electricity generation, transmission, distribution, control, and usage, aircraft engines, technologies, industrial security technologies, and industrial products. The company also renders business and consumer financing services and operates through four industrial segments named Power, Renewable Energy, Aerospace, and Corporate. On 7 January 2023, General Electric Company disclosed its decision to demerge the business of healthcare by creating a company called GE Healthcare Technologies Inc. Another critical business segment of GE Digital includes industrial automation and management software solutions suite, which also incorporates Predix Platform along with its related products like the APM module, brilliant manufacturing, cybersecurity, HMI, and SCADA. As stated above, the Predix Platform is an edge-to-cloud loT foundation that makes connected equipment collect and analyze real-time data. APM monitors industrial machine performance to manage risks, cut costs, and enhance reliability. It also takes into consideration alarm management for fault detection with real-time monitoring. HMI, SCADA systems including CIMPLICITY, IFIX, and Workflow provide detailed graphical views of operations for monitoring and quick troubleshooting. This segment is independent of the results of the company's industrial operating segment and therefore kept outside the computations for both internal and external performance measurements and intersegment activities.

Honeywell International Inc.

Honeywell International Inc. is a global technology and manufacturing powerhouse that innovates solutions in a wide variety of markets. Honeywell has four operating segments: Aerospace provides advanced products and services for aircraft and spacecraft, from avionics to propulsion systems. Building Technologies is focused on changing the management of buildings with more advanced solutions related to energy efficiency, security, and smart building systems. Performance Materials & Technologies has critical materials and process technologies in the chemicals, refining, and pharmaceutical industries in order to allow progress and innovation. In the last one, Safety and Productivity Solutions offers key equipment and tools from personal protective gear up to sophisticated scanning systems in order to have a better place at work, safety for workers, and operational effciency.

Related Reports:

Industrial Control & Factory Automation Market by Technology (SCADA, DCS, HMI, MES, PAM, WMS, Industrial Robotics, 3D Printing, CNC Controller, Process Analyzer, Flow meter, Communication, Predictive Maintenance, Machine Safety) - Global Forecast to 2029

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